The IFSWF (International Forum of Sovereign Wealth Funds) members consist of various sovereign wealth funds from around the world, as of 2021.
1. Norway Government Pension Fund Global - approximately $1.3 trillion (Norway)
2. China Investment Corporation - approximately $1 trillion (China)
3. Abu Dhabi Investment Authority - approximately $700 billion (Abu Dhabi, United Arab Emirates)
4. Kuwait Investment Authority - approximately $533 billion (Kuwait)
5. Saudi Arabia Public Investment Fund - approximately $430 billion (Saudi Arabia)
6. Hong Kong Monetary Authority Investment Portfolio (HKMA) - approximately $540 billion (Hong Kong)
Aside from Norway, the first country on the list, the remaining countries have recently been turning their backs on the United States.
Second, China is able to secretly purchase 'Bitcoin' by allowing Hong Kong to act as a financial and cryptocurrency hub.
Third, the Middle East has a geographical environment that inevitably places it at the center of both pro-Western and anti-American camps. The Middle East relies on selling energy to survive, and having a significant proportion of any specific country's currency increases risk. In the long run, Middle Eastern countries are destined to choose 'Bitcoin' in addition to the dollar and yuan.
Good job, Bhutan's sovereign wealth fund
#Bitcoin #ripple #dooridoori #doorinati #netflix #TheGlory2 #TheGlory #멋지다연진아
The US's ultimate decision
China, Saudi Arabia, and Japan are all dumping US Treasury bonds. How long will the US keep pushing these bonds onto its banks? The answer is already clear. The US must distribute all its bonds into a stablecoin (80% Treasury bonds, 20% dollars). The US must stake everything on the circulation of stablecoins.
What concerns them (BIS, FED, IMF, ECB) is that if stablecoins become popular and then negative news related to Tether and USDC is announced, a bank run could occur immediately. The bank run now is not about going directly to the bank. Like the SVB situation, a bank run can happen through mobile phones, with tens of trillions of dollars withdrawn within a couple of hours.
What if stablecoins are distributed worldwide? Hundreds of trillions of US Treasury bonds and dollars could be sold off at once. This is something the US cannot withstand.
If the US Department of Justice or SEC attacks Tether and Circle, or if problems arise with USDT and USDC, it would be a suicidal move for the US. It would be attacking its own Treasury bonds and dollars.
Systemically, stablecoins are the precursor to entering cryptocurrencies, with USDT and USDC quickly convertible to Bitcoin and Ethereum. The question is, will the funds that have been converted into Bitcoin and Ethereum return to stablecoins? In reality, it's difficult.
Now is not the time for Biden's White House annual report to announce, "Cryptocurrencies have no value." It's not up to the White House to determine the value of cryptocurrencies; it's up to the public.
The intrinsic value of Bitcoin is not due to the existence of various governments, FED, ECB, BIS, IMF, or WEF. It's the resistance against the privileged forces that cause financial crises every 10 years and take away the public's money.
The US is at a crossroads with two choices.
First, continue to push US Treasury bonds onto domestic banks, exacerbating the bad debt problem.
Second, melt the US Treasury bonds into stablecoins and popularize them.
If the second option is chosen, funds could massively flow into 'Bitcoin' and 'Ethereum' as the precursor to cryptocurrency capital movement. As a result, the position of traditional finance will narrow.
China, Saudi Arabia, and Japan are also dumping US Treasury bonds.
I want to ask again, what will you do with the US Treasury bonds? - dooridoori -
#Bitcoin #doorinati #dooridoori #IMF #BIS #fed
[Press_Release] #WEMIX#MOU — IMC Games
- #IMCGames on-boarding the WEMIX platform
- #Wemade assists IMC Games in dominating global #blockchain market
https://t.co/8BPOosXeFh
🎉I am honoured to be invited to participate in the "#NFT BUSAN 2021" online event organised by the Busan City Government & the Busan #Blockchain Industry Association.
🤗I will accept an interview in “Gather Town” at 5 o’clock this afternoon and share some great news!
📢According to @coinmetrics, #TRON active addresses count is higher than #Ethereum, #Waves, #Cardano, #EOS & #Neo!
💪#TRON is the world’s fastest-growing public chain that offers scalable, high-availability & high-throughput support that underlies all the #Dapps in #TronNetwork.
Here at Ripple, we’re building faster, more transparent, sustainable and efficient financial solutions for everyone – #blockchain technology solutions that will help put trillions of dollars in trapped capital back to work. #IoV
President El Salvador says to enjoy freedom. But citizens didn't know what freedom was because of the dollar. It does not go too far just by imposing freedom. Bitcoin is free.
Vitalic does not know why freedom should be enforced in the choice of dollars and freedom.
Despite a unique set of challenges this year, each quarter has topped the one before! Incredibly proud of team @Ripple for forging ahead and getting it done. Congrats to Team Ripple!
When the Fed prints money to fund something, one set of people are being stolen from to pay another set of people.
And the people that are being stolen from are some of the poorest and most vulnerable in the world.
#Bitcoin corrects this injustice.
En colaboración con @techstars y @visa, @StellarOrg organizará un panel el 6 de octubre a las 2 PM CDT donde presentaremos las empresas de fintech que utilizan Stellar y Visa para brindar servicios financieros digitales en la región. Regístrate aquí: https://t.co/hOHhyq4G7Q
🌉#BitTorrent Chain will be officially launched in October!
🦾 Developers and the community can now sign up for #BTTC! We sincerely welcome everyone from all blockchain communities to join!
☀️Let's enter into an era of connected chains themed on inclusiveness!
HOPE: lawyer Bart Maes is suing the Dutch government for discrmination and infringement of human rights and constitutional rights. Bart is our only hope. Court hearing is Tuesday. Support Bart Maes as if your life depended on it!
🔹 Reduce the need for pre-funding accounts.
🔹 Send real-time payments around the world 24/7.
🔹 Get excellent pricing on exchange rates.
That's the power of #RippleNet's On-Demand Liquidity. Find out how it can work for you. https://t.co/zmy2LcrRyF